HealthStream, Inc. (NASDAQ:HSTM) Sees Large Growth in Short Interest

HealthStream, Inc. (NASDAQ:HSTM) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 753,400 shares, an increase of 10.5% from the July 31st total of 682,000 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 150,100 shares, the short-interest ratio is presently 5.0 days.

HSTM stock traded down $0.03 on Friday, reaching $26.49. 87,420 shares of the company’s stock were exchanged, compared to its average volume of 227,280. The stock has a fifty day moving average of $27.18 and a 200-day moving average of $26.72. HealthStream has a twelve month low of $23.06 and a twelve month high of $31.49. The firm has a market cap of $858.55 million, a PE ratio of 61.60, a P/E/G ratio of 5.78 and a beta of 0.71. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, July 22nd. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. The company had revenue of $63.78 million for the quarter, compared to the consensus estimate of $63.12 million. HealthStream had a return on equity of 4.22% and a net margin of 5.71%. HealthStream’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts predict that HealthStream will post 0.38 EPS for the current fiscal year.

A number of research analysts recently weighed in on HSTM shares. Zacks Investment Research raised HealthStream from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Thursday, July 25th. BidaskClub lowered HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Barrington Research reaffirmed a “market perform” rating on shares of HealthStream in a report on Thursday, July 25th. Finally, ValuEngine raised HealthStream from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.00.

In related news, Director Jeffrey L. Mclaren sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $28.58, for a total transaction of $142,900.00. Following the transaction, the director now owns 14,193 shares of the company’s stock, valued at $405,635.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HSTM. Royal Bank of Canada lifted its position in shares of HealthStream by 6.7% in the second quarter. Royal Bank of Canada now owns 7,424 shares of the technology company’s stock valued at $192,000 after acquiring an additional 464 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of HealthStream in the second quarter valued at $323,000. Summit Global Investments lifted its position in shares of HealthStream by 4.2% in the second quarter. Summit Global Investments now owns 30,000 shares of the technology company’s stock valued at $776,000 after acquiring an additional 1,200 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of HealthStream in the second quarter valued at $3,822,000. Finally, Citadel Advisors LLC lifted its position in shares of HealthStream by 4.1% in the second quarter. Citadel Advisors LLC now owns 65,028 shares of the technology company’s stock valued at $1,682,000 after acquiring an additional 2,534 shares in the last quarter. Institutional investors own 72.71% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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